Nordic-Baltic society is one of the three main communities in Northern Europe: these are Nordic, Baltic and Baltic Sea Region. The Nordic - Baltic region has some 32 million citizens, and a combined gross domestic product (GDP) of close to $1.5 trillion, which makes it the tenth‐largest population and fifth‐largest economy in Europe.

Furthermore, the region features relatively low levels of corruption; with the Nordic countries some of the least corrupt countries in the world. Also, the countries of the region place well in global freedom rankings, with several of the states at the absolute top.

The Nordic‐Baltic countries also do well in surveys that measure the ease of doing business and creating new companies.

The Human Development Index places many of the countries in the region among the most developed in the world. The terms Baltic region, Baltic Rim countries and Baltic Sea countries refer to diverse blending of countries surrounding the Baltic Sea. The countries that have shorelines along the Baltic Sea - Denmark, Estonia, Latvia, Finland, Germany, Lithuania, Poland, Russia, and Sweden.